Colorado Exempt Food from Taxation, Measure 7 (1976)

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The Colorado Exempt Food from Taxation Amendment, also known as Measure 7, was on the November 2, 1976 ballot in Colorado as an initiated state statute, where it was defeated. The measure would have exempted food products from sales and use taxes, repealed the food sales tax credit and enacted a severance tax and corporate income tax to offset any revenues lost therefrom.[1]

Election results

Colorado Measure 7 (1976)
ResultVotesPercentage
Defeatedd No639,05861.13%
Yes 406,311 38.87%

Election Results via: The Colorado Legislative Council

Text of measure

The language appeared on the ballot as:[1]

An Act to exempt food and food products, with certain exceptions, from state sales and use taxes and repeal the food sales tax credit, to require the General Assembly to enact severance taxes and corporate income taxes to offset any revenue lost therefrom, and to provide penalties for Legislators if such severance and corporate income taxes are not enacted in 1977.[2]

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References

  1. 1.0 1.1 Colorado General Assembly, "Ballot Issue History," accessed January 14, 2013
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.